Construction Project Bidding and Bid Prices.pdf

The document discusses the process of construction project bidding and bid prices. It explains that contractors submit bids for projects, with the lowest responsive total bid price typically winning the contract. Bids can be in the form of lump sum bids or detailed schedules of bid items. The document outlines the evaluation process for bids, including determining bidder responsibility and bid responsiveness. It also touches on contractors' strategies in bidding, such as front loading bid items and manipulating general conditions. The importance of the Total Base Bid Amount as the contract amount is emphasized. The document highlights the role of procurement staff in bid evaluation and the transparency in Airport projects. Additionally, it mentions the requirement for contractors to provide a Schedule of Values on longer projects. Overall, the bidding process is portrayed as complex, with contractors holding the true understanding behind their bid numbers.